Net income for the quarter ended Jan. 28 was $24.5 million, or 26 cents a share, down from $56.4 million, or 59 cents a share, in the same period in 2016.

Adjusted net income, excluding one-time costs, was $55.4 million, down from $65.1 million a year ago. Adjusted earnings per share were 58 cents, slightly exceeding the 57 cents a share expected by analysts polled by Thomson Reuters.

“Our performance in the fiscal 2017 third quarter reflects our ongoing efforts to adapt and capitalize in end markets that continue to present both challenges and opportunities,” said Scott Anderson, chairman, president and chief executive of Patterson Cos., in a statement.

During the third quarter, Patterson recorded a pretax noncash impairment charge of $36.3 million related to the distribution fee associated with the CEREC products associated with Sirona Dental Systems.

Net sales for Patterson Dental were $626.3 million, down 1.8 percent from the year ago quarter.

“We are encouraged by core equipment sales in the third quarter and believe the improvement in this category validates our experience and success with broadening our product offerings to achieve future growth,” Anderson said.

“We continued to face margin pressure with certain pharmaceutical products in our animal health segment during the third quarter,” Anderson said. “However, we identified and began to implement approaches to adapt our sales and marketing strategies to achieve more profitable growth.”

A man who flew a plane into his own house after he had been arrested for assaulting his wife had full access to his employer's plane because he had earned the firm's trust, the president of the Utah company said Tuesday.